Tatra Rotalac Limited, Southmoor Road, Wythenshawe, Manchester M23 9DS

Manchester, M23 9DS

Sold
 Tatra Rotalac Limited, Southmoor Road, Wythenshawe, Manchester M23 9DS
Price £2,050,000
Rent (pa) £124,187
Yield 5.65%

Investment Summary

  • Well located industrial investment
  • 2 industrial units on site providing a total of 36,605 sq ft
  • Property is let to Tatra Rotalac Limited on assignment from Rotalac Plastics Limited and with the benefit of an AGA sub-guaranteed by Coral Products PLC
  • 10-year lease wef 19th January 2016, expiring 18th January 2026 (4.85 years unexpired)
  • FRI limited by schedule of condition
  • Total rent of £148,487 per annum (£4.05 psf)
  • Held LLH from Manchester City Council for a term of 200 years commencing 26th May 2020 at a rent of £24,200 per annum
  • Total net income £124,187 per annum
  • Estimated rental value of £200,000 (£5.50 psf)
  • £2,050,000
  • Net initial yield of 5.65%
  • Capital value of £56 psf
Town Manchester
Postcode M23 9DS
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